Kristall Plant postpones IPO to January 2024

Kaluga distillery Kristall decided to postpone its IPO on the Moscow Exchange until January 2024. In early October 2023, the Kristall plant announced plans to hold an IPO by the end of 2023. Assumes that the organizer was expected to be the group Finam. Size of the placement was to be from ₽1-1.5 billion, depending on market conditions. Funds raised were to be used to implement a growth strategy and replace Western liquor producers that had left Russia.